Part 2/16:

A pivotal moment in this downward trend occurred on November 21st, 2025, when Canon abruptly announced the shutdown of its Jong Shan factory in China. This facility, operating as a wholly-owned subsidiary for 24 years, was a significant contributor to the local economy, producing office equipment and employing thousands of workers. Canon cited the declining laser beam printer market and the rise of domestic Chinese brands as primary factors behind its decision. Despite efforts to revive its operations, the company ultimately decided that discontinuing production in China was the most viable option.